Oil India Limited (OIL) said it found hydrocarbons in two explorator wells in Assam in the July-September quarter. The first one, in Dibrugarh, produced natural gas at the rate of 1.15 lakh cubic meters per day, while the second one, in Tinsukia, produced gas…
Heavy machinery maker Bharat Heavy Electricals Limited said it won four orders for emission control equipment from power producer NTPC, worth about Rs 2,900 cr, The orders involve the supply and installation of Flue Gas Desulphurization (FGD) systems for control of SOx…
NTPC, India’s biggest power producer, said it has taken a loan of Rs 5,000 cr from the State Bank of India to fund its capital expenditure. The loan is repayable over a period of 12 years. This is one of the first…
Larsen & Toubro said it, along with its consortium partners Baker Hughes and McDermott International, has won the contract for constructing one of India’s largest deepwater oil and gas projects. The contract is for construction at ONGC’s KG DWN-98/2 basin that lies…
Reliance Industries, one of India’s largest petroleum producers, said its D26 oil field in the KG-D6 offshore block has ceased production, a decade after oil started flowing from the field. The D26 was one of the three prolific fields of the D6…
Reliance Infrastructure Ltd said it has completed the sale of its Mumbai power business to Adani Transmission for Rs 18,800 cr. Out of the total amount, it has already got Rs 13,800 cr, and has used the amount to pay back its…
Vedanta Limited, which operates the country’s largest on-shore petroleum mining facility, said it has emerged as the favored bidder to explore 41 oil and gas blocks in India at a cost of US$551 million (Rs 3,900 cr) over the next six years,…
Reliance Power said it has been awarded damages of $56 Million, or about Rs 390 cr, by an arbitration panel in Singapore in relation to the acquisition of three mines in Indonesia. Reliance Power, an Anil Ambani Group company, had signed an…
The coal ministry said that there has been a 14% decline in the import of thermal coal by power plants in India in April-June, contrary to reports that the country’s import of thermal coal — used to drive steam turbines — increased…
GAIL India Ltd said it awarded the first contract for purchase of the 108 km, 24-inch diameter pipes under the Barauni—Guwahati segment of the Jagdishpur—Haldia & Bokaro-Dhamra Natural Gas Pipeline (JHBDPL) project to M/s Ratnamani for Rs 125 crore. “Line pipe procurement…
Both the price and demand for spot power increased in India in July this year compared to the same month of 2017, but were down from June due to the arrival of monsoon, India’s largest power exchange said. The average price of…
Government of India’s NALCO, or National Aluminium Company, said its primary Aluminium smelter plant at Angul in Orissa is facing a ‘crisis’ due to the the shortage of coal to produce power. Smelting of alumina into aluminium is one of the most…
Gujarat, Rajasthan and Andhra Pradesh are emerging as the top destinations for large, utility scale solar projects in India, according to numbers from the Minister of New and Renewable Energy. According to data for Government of India’s “Solar Parks and Ultra Mega…
Solar power has emerged as the fastest growing segment within the renewable energy sector in India, overtaking the long-time favorite wind power. According to data from the Ministry of New and Renewable Energy, wind power was the clear winner till about 2014,…
NTPC Ltd, the public sector power producer, will add 5,680 MW of power generation capacity this year and spend about Rs 22,300 cr on capital projects, the power ministry said. Out of the Rs 22,300 cr required for capital expenditure this year,…
The price of petrol charged to the dealers, before taxes and deal commission, is Rs 36.68 per liter in India as of July 16, while that of diesel was Rs 39.77, ministry of petroleum and natural gases has revealed. However, on that…
Government of India has faced questions from members of parliament on reports that it has asked state-owned refiners to get ready to stop importing crude oil from Iran in the face of pressure from the United States. A question from Lok Sabha…
GAIL, the government-owned pipeline company, said it will spend Rs 755 cr to put in place a gas pipeline grid in Varanasi, Narendra Modi’s Lok Sabha constituency. The grid, which has been inaugurated, will cover an area of 1,535 sq km, it…
Three months after Tata Consultancy Services became the first Indian company to achieve a market capitalization of $100 bln (Rs 6.85 lakh cr), Reliance Industries is close to the $100 bln mark as well. At present, there are only around 100 companies…
Households owning rooftop solar systems could save up to 95 per cent on their electricity bills, according to an independent study by Council on Energy, Environment and Water (CEEW) and BSES Yamuna Power Limited . Solar system costs have declined by 27…
